CEO of Neuralink rival on the future of brain computer tech

Yahoo Finance11-13 05:30

Imagine moving a computer mouse with only your thoughts. You think it, and it's done. It may be science fiction, but it's becoming a reality for some. "It sounds maybe a little bit abstract or perhaps...

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You think it, and it's done.\nIt may be science fiction, but it's becoming a reality for some.\n\"It sounds maybe a little bit abstract or perhaps...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-of-neuralink-rival-on-the-future-of-brain-computer-tech-213035784.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO of Neuralink rival on the future of brain computer tech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO of Neuralink rival on the future of brain computer tech\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 05:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-of-neuralink-rival-on-the-future-of-brain-computer-tech-213035784.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Imagine moving a computer mouse with only your thoughts. You think it, and it's done.\nIt may be science fiction, but it's becoming a reality for some.\n\"It sounds maybe a little bit abstract or perhaps...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-of-neuralink-rival-on-the-future-of-brain-computer-tech-213035784.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMZN","symbol_name":"亚马逊","start_time":0,"source_url":"https://finance.yahoo.com/news/ceo-of-neuralink-rival-on-the-future-of-brain-computer-tech-213035784.html","article_id":"2483068549","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/VOSDbRJMHzHoLqiJsfCf1Q--~B/aD00MDAwO3c9NjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-11/1f9abfd0-9e12-11ef-bdf7-e877a3512479"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483068549","pubTimestamp":1731447035,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Imagine moving a computer mouse with only your thoughts. You think it, and it's done.It may be science fiction, but it's becoming a reality for some.\"It sounds maybe a little bit abstract or perhaps even trivial,\" Michael Mager, co-founder and CEO of Precision Neuroscience, told Yahoo Finance at the annual Invest conference on Tuesday. \"But for a certain group of people, it has the potential to be totally transformative.\". Precision has developed a brain implant to reconnect patients suffering from severe paralysis to the digital world. These patients can't use their arms or hands and in some cases can't speak. There are roughly 400,000 people in the US who fit that description.BCI is a growing field with several well-funded startups. An October Morgan Stanley report said the BCI industry is a potential $400 billion market in the US. The analysts expect commercial activity to be five years away with an estimated 3 million potential users for its first-generation devices. They forecast ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMZN":"亚马逊","LU0056508442.USD":"贝莱德世界科技基金A2","BK4097":"系统软件","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4561":"索罗斯持仓","BK4581":"高盛持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BCI":"abrdn Bloomberg All Commodity Strategy K-1 Free ETF","BK4596":"哈里斯概念","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0823414478.USD":"法巴经典能源转换基金","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","TSLA":"特斯拉","BK4592":"伊斯兰概念","BK4554":"元宇宙及AR概念","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","MSFT":"微软","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0080751232.USD":"富达环球多元动力基金A","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4566":"资本集团","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4524":"宅经济概念","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","BK4588":"碎股","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4550":"红杉资本持仓"},"translate_title":"Neuralink竞争对手首席执行官谈脑计算机技术的未来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BCI":1,"TSLA":1,"MSFT":1,"AMZN":0.9},"content_text":"Imagine moving a computer mouse with only your thoughts. You think it, and it's done.\nIt may be science fiction, but it's becoming a reality for some.\n\"It sounds maybe a little bit abstract or perhaps even trivial,\" Michael Mager, co-founder and CEO of Precision Neuroscience, told Yahoo Finance at the annual Invest conference on Tuesday. \"But for a certain group of people, it has the potential to be totally transformative.\"\nPrecision has developed a brain implant to reconnect patients suffering from severe paralysis to the digital world. These patients can't use their arms or hands and in some cases can't speak. There are roughly 400,000 people in the US who fit that description. \nSo far, the company has temporarily implanted its brain-computer interface (BCI) into 26 patients during clinical studies that don't require FDA approval.\nBCI is a growing field with several well-funded startups. An October Morgan Stanley report said the BCI industry is a potential $400 billion market in the US. The analysts expect commercial activity to be five years away with an estimated 3 million potential users for its first-generation devices. They forecast $1.5 billion in revenue by 2035 and $1 billion by 2041.\n\n\n\n  The Layer 7 Cortical Interface packs 1,024 electrodes into a surface area of 1.5 square centimeters — providing 600 times greater electrode density than standard cortical arrays.\n \n\n  Precision Neuroscience\n \n\nPrecision Neuroscience was founded in 2021 by Mager and Benjamin Rapoport, a neurosurgeon and engineer who previously co-founded Neuralink alongside Tesla (TSLA) CEO Elon Musk. He left Neuralink in 2018.\nPrecision's implant, called the Layer 7 Cortical Interface, is a thin and flexible film material about a fifth of the thickness of a human eyelash. Each array has 1,024 electrodes on a 1.5-square-centimeter surface.\nThe array is implanted by surgeons through a micro-slit less than 1mm wide in a minimally invasive procedure. Unlike its rivals, the BCI sits on top of the brain, not in its tissue.\nAccording to Mager, Precision has raised more than $140 million to date, including a $93 million round last week. Its investors include Forepont Capital Partners, Draper Associates, Mubadala Capital, Alumni Ventures, and re.Mind Capital.\nOther implantable BCI companies — Neuralink, Paradromics, Blackrock Neurotech, and Inbrain Neuroelectronics — surgically thread the device into the brain's tissues, which carries a higher risk of infection and cell damage.\nSynchron, backed by Amazon (AMZN) founder Jeff Bezos and Microsoft (MSFT) founder Bill Gates, has developed a stent-like device that's inserted through the blood vessels and sits near the patient's brain.\n\"Having a co-founder as a neurosurgeon who thinks about the actual mechanics of 'how do you get devices into the brain in a safe and scalable way,' I think it's a huge competitive advantage,\" Mager said. \nThe company is awaiting FDA clearance to allow implantation in patients at hospitals for up to 30 days. If approved, Mager expects the number of patients undergoing the procedure to jump from dozens to thousands next year. The entire industry has implanted less than 80 patients within the last two decades.\n\"I think it's an important milestone for us and for the industry,\" Mager said of the regulatory process. \"We will be able to start selling a device, so generating some revenue, which will be great.\" He added the company is working toward an eventual IPO, though no target date has been set. \n\nDespite overlaps with Neuralink, Precision has a fundamentally different company mission. Neuralink's ultimate objective is to enhance the mind. \"That's a fine goal and maybe a very important one but it's not our goal. We are a physician-led company,\" said Mager. \"The goal of this company is to make a really meaningful, positive difference in people's lives.\"\nThe regulatory framework under the new Trump administration could completely change the landscape. Trump has signaled that Robert F. Kennedy Jr. will play a pivotal role in his administration's healthcare policies. While Kennedy does not hold a degree in medicine or healthcare, Trump said Kennedy will \"help make America healthy again\" at his victory speech last week.\nDuring an MSNBC appearance on Wednesday, Kennedy said there are \"entire departments\" within the FDA that \"have to go.\"\nIt remains to be seen exactly how Musk's influence on the president-elect will impact the BCI sector.\n\"I don't think it's a bad thing,\" Mager said of Musk. \"To have someone who really understands the technology, its importance, its potential to do something really good ... at a senior level in government. All that said, we as an industry don't need any special favors or treatment. The data will speak for itself — the patient benefit will speak for itself.\"\nYasmin Khorram is a Senior Reporter at Yahoo Finance. Follow Yasmin on Twitter/X @YasminKhorram and on LinkedIn. Send newsworthy tips to Yasmin: yasmin.khorram@yahooinc.com\nClick here for the latest technology news that will impact the stock market\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483068549"}